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Find out what could impact exchange rates for the month ahead
and view a summary of key currencies in our free Currency Outlook
1-page cheat sheet.

The below key FX market drivers are likely to continue in November: 

  • Data around growth in major economies that could escalate concerns that the global economy will tip into recession 
  • Global energy supplies and price volatility, especially in Europe 
  • Shifting risk sentiment, as recession and geopolitical risks heighten or recede 
  • Inflation data (CPI) or central bank commentary, as an indication of future pace of rate hike cycles

5 key factors that could impact exchange rates in 2023

Read the monthly currency news from the OFX currency specialists and keep informed on the macroeconomics of future currency movements in the coming month.